You are currently viewing: News



22-08-2017

Wak Group and Guangdong Electrical Design Institute to build refinery at KP Pakistan

Wak Group and Guangdong Electrical Design Institute (Gedi), have signed an engineering, procurement and construction (EPC) agreement to engineer, design and construct a Falcon Oil refinery at KP Pakistan.

The deep conversion oil refinery has a capacity of producing up to 100,000 barrels per day. The total contract value amounts to approximately $3.58 billion. The project is expected to be completed in 30 months after commencement of work. The infrastructure development on the site will commence soon and the Falcon Oil project will further strengthen the emerging trade and economic cooperation between the two countries.

The landmark agreement was signed by Waqar Ahmed Khan, chairman of Wak Group and Qiao Xubin, vice president of Gedi

Khan highlighted the pertinence of this collaboration in the context of enhanced cooperation between Pakistan and China. “Falcon Oil is proud to announce the setting up of a world-class oil refinery at Khyber Pakhtunkhawa. This new state-of-the-art oil refining complex will have its independent 100-Mega Watt power generation plant, 3.8 million metric tonnes storage facilities all across Pakistan and 300 plus kilometers network of oil pipe lines.”

Khan added: “I am hopeful that this great venture will pave the way for further cooperation between our two organisations. It will also strengthen the resolve of the two friendly countries to pursue with optimum passion a shared dream of greater peace, prosperity and progress. The timing and the location of this joint venture is very crucial when viewed in the context of the China Pakistan Economic Corridor, an epoch-making project that is going to be a game changer for the region.”

“We are humbled that Wak Group has chosen Gedi to assist them in constructing a state-of-the-art crude processing and transport facility for Pakistan,” said Xubin. “In 2016, Gedi contacted with Wak Group for this project. Both parties have made several rounds of negotiations and actively promote the progress of the project. So far we have made good achievement. GEDI will stand at the high starting point, apply high standards, demonstrate high efficiency, carry on our rich EPC contracting experience to build a marble project, to bring power for economic development of Pakistan society and bring benefits to Pakistan and China.”

Sponsor : 

Other News Items

Check out the C-LEVERĀ® flow metering system Controller: the C-LEVERĀ® EVA HE

There is more to a good weighing system than an accurate measuring method. The connected controller, also known as the processing unit, electronic device or measuring ...

21-06-2018

MOL Group enters into a partnership with INOVACAT

MOL Group entered into a strategic partnership with INOVACAT, a Dutch technology innovator in the refining and petrochemical industries. The cooperation is expected to ...

19-06-2018

John Crane completes acquisition of Seebach GmbH

John Crane, a global leader in rotating equipment solutions, supplying engineered technologies and services to process industries, recently announced that as of June ...

19-06-2018

Velocys and PQ partner for catalyst manufacturing

Velocys plc, the renewable fuels company, is pleased to announce that it has partnered with PQ Corporation (PQ) for the supply of commercial quantities of Velocys’ ...

19-06-2018

Fluor achieves substantial engineering completion at Galveston Bay refinery

Fluor Corporation announced today that it has achieved  substantial engineering completion for Marathon Petroleum Corporation’s Tier 3 gasoline sulfur standard ...

19-06-2018

KBR announces FEED plus EPC option contract from Arkema

KBR, Inc. announced today it has been working on the Front End Engineering and Design (FEED) to double the sulfur derivatives production capacities at Arkema's Beaumont,Texas ...

19-06-2018

Emerson releases Rosemount Twisted Square Thermowell line

Emerson has released the Rosemount™ Twisted Square™ Thermowell line, a solution that reduces dynamic stress, simplifies process calculations and provides ...

18-06-2018

Anguil Environmental Systems celebrates a major milestone

Starting an environmental company in the late 1970’s was not nearly as well received as it would be today, but Gene Anguil, Founder of Anguil Environmental Systems, ...

15-06-2018

YASREF awards Jacobs general engineering services contract

Jacobs Engineering Group Inc, has been awarded a three-year, general engineering services (GES) contract from Yanbu Aramco Sinopec Refining Company Ltd. (YASREF) to help ...

14-06-2018

Siluria Technologies and Saudi Aramco join forces to maximize chemicals production

Saudi Aramco Technologies Company, a subsidiary of the world’s largest oil company, and Siluria Technologies, a leader in disruptive process technologies for the ...

13-06-2018